# Nigeria Energy Profile — Complete Reference

**URL:** https://thecodex.expert/energy/countries/nigeria/
**Session:** 46 | **Date:** 2026-07-09

## Summary

Nigeria holds ~36.9 billion barrels proven oil reserves (2.1% global) and ~211.1 Tcf proven gas reserves (Africa's largest, OPEC 2025 Bulletin). Historical oil peak ~2.5M bbl/day (2005), fell to ~1M bbl/day (2016). 2025 production ~1.64M bbl/day vs ~2.06M bbl/day budget target and ~2.5M bbl/day capacity — gap driven by chronic pipeline theft/sabotage. 2022 Senate inquiry found $2bn+ lost to theft that year, only ~66% of production "effectively guaranteed." NNPC contracted private security firm Tantita Security Services (2022) to combat theft; reported 100% pipeline availability by June 2025. 152 illegal refineries uncovered in just 3 weeks of Jan 2025. Dangote Refinery (Lagos, Aliko Dangote) began production Jan 2024 — world's largest single-train refinery, ~650,000 bbl/day, expansion to ~1.4M bbl/day announced Oct 2025; NNPC's planned 20% stake reduced to ~7.2% after non-payment; refinery imports US crude due to local supply shortfalls. Nigeria's 4 state refineries (Port Harcourt I&II, Warri, Kaduna, built 1965-1989) admitted by NNPC's own CEO (Nov 2025) to operate "below international standards." Sources: US EIA, OPEC 2025 Annual Statistical Bulletin, Reuters, Pipeline Technology Journal, PwC Nigeria Oil & Gas Outlook Jan 2026, Hydrocarbon Processing, Awajis.